C Spire has acquired Birmingham, Alabama-based TekLinks, a resell, cloud, managed and professional services provider. Terms of the transaction between the two privately-owned companies were not disclosed, but C Spire said it expects to complete the acquisition and merger integration process within the next 60 to 90 days.
Founded in 2001, TekLinks is a nationally recognized service provider with primary operations in three states – Alabama, Mississippi and Tennessee. Many of its eight offices operate in the Southeast U.S., including Birmingham and Huntsville, Alabama; and Nashville, Tennessee.
TekLinks ranked 16 of firms ranked among the top cloud service providers, managed service providers and value-added resellers in the U.S. and has just completed a successful growth and acquisition phase and deeper expansion into the key vertical market segments of health care and financial services.
In 2016, the company bought Nashville-based Guidant Partners, a leading managed services firm. In 2015, TekLinks acquired cloud services player Claris Networks, based in Knoxville and in 2013, the company merged with health-care managed services provider ClinicAnywhere formerly ETG.
The acquisition is the latest in a series of moves by C Spire that signal an accelerated and expanded focus on innovative voice, data, IT and cloud solutions for businesses across its footprint and around the country. Last fall, C Spire launched an initiative to bring fiber-based 1 Gbps fiber-based ultra high-speed internet access to up to 250,000 small and medium-sized businesses in Mississippi. The company continues to expand its voice, data, managed and cloud services for government agencies and private businesses and operates several Uptime Institute-certified data centers.
Bank Street Group served as the exclusive financial advisor to C Spire in connection with this transaction.